In this episode, we're excited to bring you another mini-mentoring session featuring Swarren Samra, a budding property investor. 

Despite being relatively new to the field, Swarren has already accomplished an impressive feat: successfully transforming a 3-bedroom property into a 5-bedroom HMO tailored for working professionals. Currently, he's actively engaged in his second project. He shared three thought-provoking questions with us, and I’ll do my best to provide invaluable advice to support him in achieving his big goals.

During our mentoring session, Swarren raised the following questions:

• “I have 3 potential investors. One is looking at a joint venture partnership, another at an actual return on their investment. Finally, the third has requested an earn-and-learn type model. How do I structure these deals and what legal documents or considerations must be implemented to ensure each is satisfied with the outcome?”

• “When I am able to onboard an investor for a particular project, what are my options if the investor is adamant they want their money back early? How can these situations be handled, and have you experienced this before?”

• “I am working on 2 and 3-bedroom properties and converting them into 5 and 6-bedroom HMOs. I have a strong desire to move into larger properties and developments. What are the thought processes behind converting a large building into a 10 or 12-bedroom HMO Vs 4 or 5 flats? How do you differentiate which is the best way to go?”

By addressing these questions, our aim is to equip our listeners with practical advice and effective strategies they can implement to kickstart and expand their own HMO property businesses.

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Please leave us a quick review on Apple Podcasts or Spotify if you find this episode useful.

Got any questions? Ask us in The HMO Community Facebook Group or follow me on Instagram @andygraham.hmo for daily HMO tips and advice! 

If you want to join my 1-2-1 mentoring program, you can enquire here. 

New to HMOs? Join The HMO Roadmap -  an exclusive community and online learning platform for HMO property investors. As a member, you’ll get access to online training, group coaching, a deal stacker tool, case studies, contract templates and more resources to help you start, scale, and systemise your HMO business.